Executive Summary In Singapore, an accredited investor (AI) is an individual or entity that meets the MAS-defined financial or professional criteria, such as having an annual income of SGD 300,000, net personal assets exceeding SGD 2 million, or holding professional investment qualifications. AI status grants access to private equity, venture capital, hedge funds, structured products, […]
Executive Summary The Registrar of Companies (ROC) Singapore, now managed by ACRA Singapore, oversees company registration, record-keeping, and compliance. When you register a business, you receive a Company ROC Number Singapore (also known as the Unique Entity Number, or UEN), which is mandatory for tax filings, contracts, invoices, and opening corporate bank accounts. Compliance includes […]
FATCA Meaning FATCA stands for the Foreign Account Tax Compliance Act, a U.S. law requiring foreign financial institutions to report U.S. taxpayers’ overseas accounts to the IRS. CRS, on the other hand, is a global OECD initiative where over 100 jurisdictions exchange financial account information to prevent tax evasion. In Singapore, IRAS enforces both FATCA […]
With the rising number of high-net-worth individuals growing in Singapore, the Monetary Authority of Singapore (MAS) has introduced a clear distinction between retail and accredited investors. This move aims to expand access to private investment opportunities, especially those with higher return potential. If you’re a foreign investor, a startup founder or an established business owner […]
In today’s crowded venture capital landscape, winning over investors is more challenging than ever. Whether they’re backing early or late-stage startups, venture capitalists (VCs) want to see clear signs that their money will grow. For founders, one effective way to demonstrate profitability and long-term potential is by showcasing your company’s Internal Rate of Return (IRR). […]
What is CRS? The Common Reporting Standard (CRS) is a global tax transparency framework developed by the OECD to prevent offshore tax evasion. Adopted by Singapore in 2017, CRS requires Reporting Singapore Financial Institutions (SGFIs) such as banks, custodians, investment entities, and specified insurance companies to identify reportable accounts, collect key account holder data, and […]
Filing corporate taxes in Singapore is a must for all companies, whether resident or non-resident, and is overseen by the Inland Revenue Authority of Singapore (IRAS). The corporate tax rate is a flat 17%. Still, with schemes like the Start-Up Tax Exemption (SUTE), Partial Tax Exemption (PTE), and industry-specific incentives, many businesses, especially startups and […]
Considering incorporating a company in Singapore? A business plan might not be a legal requirement by ACRA. Still, it’s your secret weapon for a smoother incorporation process, gaining investor trust, building successful plans, and ensuring long-term business growth. In Singapore’s competitive business landscape, a solid plan helps you: Clarify your vision and set realistic goals. […]
Navigating the income tax bracket Singapore is essential for business founders, corporate professionals, and high-net-worth individuals managing diverse income streams. With updates to regulations and the IRAS income tax bracket structure always coming in, understanding your income tax bracket SG in 2025 is not only crucial for compliance but also for efficient tax planning.In this […]
Accurate accounting and financial management are the foundation of efficiently running a business. It is crucial for small and medium-sized enterprises (SMEs), and many SMEs are now turning to cloud-based accounting software. Cloud-based accounting tools simplify bookkeeping and small business accounting, enable regulatory compliance, and enable businesses to make more informed operational decisions. One of […]
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